China Smartphone maker Xiaomi will launch its latest flagship Mi 5 in India on March 31. Its comes nearly a year after its last flagship Mi 4, but barely a month after the previous launch of Redmi Note 3. The official price will be revealed on Thursday. Bin Lin Xiaomi's president earlier said to ET that the price of the phone could be below INR 27,000.The phone was recently launched in China and saw over 18 million registrations.Features:Mi 5 has 32GB, 1.8GHz Snapdragon 820 chipset with 3GB of RAM, while the 64GB variant features a 2.15GHz Snapdragon 820 chipset paired with 3GB of RAM. While the 128GB variant also features a 2.15GHz Snapdragon 820 chipset, it is paired with 4GB of RAM. All Mi 5 variants in China feature a 5.15-inch 1080p display, 16-megapixel rear camera with 4K video recording capabilities and a 4-megapixel selfie camera.